Versity Investments LLC, known now as Crew Enterprises LLC, and their principals are facing a $56 million lawsuit alleging fraud and the misappropriation of investor funds. Allegations are alleging investor funds were diverted to finance other real estate transactions and for personal use by the co-defendants. On July 17, 2025, Crew Enterprises was given a $47 million judgment for allegedly breaching its obligations to a lender.
The $56 million lawsuit was filed by KHCA Funding LLC and Knights Hill Ireland II DAC. The lawsuit alleges that Crew Enterprises LLC acting through Blake Wettengel and Tanya Muro allegedly misappropriated more than $56 million of proceeds from investors that were owed to the plaintiffs. The lawsuit states that these funds were allegedly diverted to finance other real estate transactions and for personal use by the co-defendants. The lawsuit alleges breach of contract, unjust enrichment, conversion, fraud, and civil conspiracy. The plaintiffs are seeking $56 million in damages and injunctive relief.
Brian Nelson is also named as defendant in the civil complaint.
Alternative Investments offered by Versity Investments LLC (Crew Enterprises LLC) were also named as defendants in the $56 million complaint:
THE WALK DST
THE WALK ST, LLC
ONE ON 4TH DST
ONE ON 4TH ST, LLC
HAYWORTH TANGLEWOOD DST
HAYWORTH TANGLEWOOD ST, LLC
VERSITY EQUITYCO, LLC
VERSITY EQUITYCO II, LLC
VINTAGE DST
VINTAGE ST, LLC
Alternative investments such as Versity Investments LLC (Crew Enterprises LLC) can face liquidity issues. Investors may not be fully aware of the problems and risks associated with illiquid, high risk, alternative investments when they are sold the products by their broker/dealers. These investments are often at higher risk than traditional investments. These funds are better suited for more sophisticated investors.
These investments may also have high sales commissions for the broker/dealers. Brokers have an obligation to their clients to make investment recommendations that are on track with their clients’ risk tolerance, net worth, investment objectives and experience in the market. Broker/dealers are required to perform due diligence on any investment they recommend and make sure that the recommendations are suitable for the investor.
If you have sustained investment losses due to your broker/dealers’ recommendations in Versity Investments LLC (Crew Enterprises LLC), contact Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.
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